Donald Owns a Two-Family Home In Addition,the Depreciation Attributable to the Entire Building Would Be
Donald owns a two-family home.He rents out the first floor and resides on the second floor.The following expenses attributable to the total building were incurred by Donald for the year ended December 31,2013: In addition,the depreciation attributable to the entire building would be $2,000.What is the total amount of the expenses that Donald can deduct on Schedule E of Form 1040 before any limitations) ?
A) $3,300
B) $3,350
C) $4,000
D) $5,300
E) None of the above
Correct Answer:
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